Malaysia’s SC greenlights digital assets HBAR and GRT proposed by Luno

0
6KB

The Securities Commission Malaysia (SC) has approved two additional digital assets, HBAR and GRT, following Luno’s comprehensive coin selection process and proposal to the regulator.

The approval has led Luno, Malaysia’s leading digital asset exchange, to list both coins, expanding its coin list to 22 – the widest available in the country,Luno said in a statement on Thursday.

This launch is the second batch of digital assets approved by the SC in 2025.

The expanded offering enables investors to explore a broader part of the crypto ecosystem and diversify their portfolios safely and securely.

Hedera (HBAR) is a high-performance, energy-e cient public network that leverages hashgraph consensus for fast, secure, and low-cost transactions, with predictable fees and enterprise-grade governance, enabling sustainable and scalable decentralized applications (dApps).

The Graph (GRT) is a decentralized indexing protocol that enables efficient querying of blockchain data, making it easier for developers to build performant and reliable dApps across multiple blockchains.

“We’re pleased to receive SC’s approval in listing HBAR and GRT to all Malaysians, with our customers having first access to invest and trade them starting today,” Luno’s Country Manager for Malaysia Scarlett Chai said.

“The addition of these two digital assets follows a rigorous screening process by Luno, which evaluates potential assets against strict technical, regulatory, and legal criteria to ensure their feasibility and suitability for introduction in Malaysia, as well as other markets across Asia Pacific (APAC), Europe, and Africa.

“Shortlisted coins are then proposed to the SC for a country-wide approval, allowing the Malaysian public to invest or trade the respective digital assets,” she added.

To date, Luno has submitted over 25 digital asset proposals to the SC, with 22 of them already approved and available on its platform.

In the first half of this year, Luno launched four new digital assets – Algorand, NEAR Protocol, Hedera and The Graph – and expanded its staking service to include Polkadot, NEAR Protocol, and Cosmos.

Luno is a global cryptocurrency investment app. Since its founding in 2013, the firm has introduced over 13 million people to crypto.

It is available in more than 40 countries across Europe, Africa, Asia and Australia.

The firm offers products and services that make it safe and easy to buy, store and learn about cryptocurrencies like Bitcoin and Ethereum.

In Malaysia, Luno is the first regulated digital assets exchange, licensed by the Securities Commission Malaysia, offering Malaysians a platform to investing in cryptocurrencies.

 

#CryptoAdoption #DigitalAssets #BlockchainTechnology #HBAR #TheGraph

Gesponsert
Suche
Gesponsert
Kategorien
Mehr lesen
Health
Singapore’s August Global Partners invests in Vietnam’s Gene Solutions
Singapore-headquartered healthcare investor August Global Partners (AGP) is investing in...
Von Ifvex 2025-01-10 14:21:43 0 12KB
Networking
IFC announces first sustainability-linked loan in Indonesia to decarbonize retail properties and support green building development
To support sustainable development and advance Indonesia’s journey to a low-carbon future,...
Von Ifvex 2025-02-10 17:41:45 0 11KB
Networking
Sea opens new digital financial services headquarters in Singapore; rebrands SeaMoney to Monee
Singapore-based tech conglomerate Sea Limited announced last Thursday the opening of its new...
Von Ifvex 2025-05-12 08:49:38 0 6KB
Causes
Why organizations must rethink energy use for a more sustainable AI future
Singapore’s rapid adoption of AI technologies is driving significant advancements across...
Von Ifvex 2025-05-25 05:28:15 0 8KB
Andere
Chinese markets stumble into 2025 as global volatility looms
Global economic uncertainty adds pressure as Chinese markets face a difficult start to 2025. The...
Von Ifvex 2025-01-08 14:13:33 0 12KB
Ifvex https://smartcontent.me